Looking for information about your firm's panel status?
Suffolk Building Society Conveyancing Panel Assistance:
What are the Suffolk Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
The Society operates a Conveyancing Panel and in order for Firms to act for the Society you must be appointed to this panel. To be appointed to the panel you should apply at:-
www.lms.com/lenderpanels
You must also comply with the terms and conditions of your Suffolk Building Society solicitor panel appointment.
Is it conceivable that Suffolk Building Society will assign an alternative lawyer on the Suffolk Building Society conveyancing panel for a further advance during the lifetime of a mortgage ?
The Building Society Association Mortgage Instructions applicable to a solicitor on the Suffolk Building Society conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the Suffolk Building Society conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction will need to be adhered to .
Are the BSA planning on creating a search tool with a view to list law firms on the Suffolk Building Society conveyancing panel ?
We are not aware of any plans on the part of the BSA to develop such a register .
I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?
The fact of the matter is that estate agents are feeling the pain if their clients start out on the conveyancing process having appointed a solicitor who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors lawyers.
I have been a solicitor for nearly 35 years with a clean claims history and have been refused acceptance on the Suffolk Building Society conveyancing panel with no explanation. Am I not entitled to a reason?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the Suffolk Building Society conveyancing panel
to see if you are entitled to a reason.
My firm has just been advised that it’s Suffolk Building Society panel membership terminated but we have not yet been given a reason as to why . I am completing a CQS application questionnaire what information should I report?
In this situation please explain on the application what action you have taken to find out the reasons behind cancellation of your Suffolk Building Society panel status . In particular please provide details if you have received communications from the lender. E.G. before revocation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Suffolk Building Society Conveyancing Panel
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Average number of days to register title including a charge in favour of Suffolk Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Suffolk Building Society Firms
- Draft Report on Title precedent for Suffolk Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Suffolk Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Suffolk Building Society lender panel
- Buy-to-Let help for Suffolk Building Society
- Consent-to-Let help for Suffolk Building Society
- Contractor Mortgages with Suffolk Building Society
